Gilded Age Vocabulary and Important People Robber baron

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Presentation transcript:

Gilded Age Vocabulary and Important People Robber baron -from Mark Twain or NY Times -an industrialist with a ruthless obsession for competition OR Captain of Industry ?

1865-1900 Rapid industrial expansion and innovation Great fortunes were made and flaunted to others Widespread corruption was hidden behind acts of generosity

Cornelius Vanderbilt (1794-1877) Steamships (shipping routes through Nicaragua to get to CA gold rush) and railroad tycoon (NYC to Chicago) Nicknamed the “Commodore” Controversial tactics to eliminate competition

Mechanization Drastically changed the social nature of the work place Eliminated the “craftsmen” aspect of production Established a social class between workers and bosses Definition: Using machines to do work formerly done by humans or animals

Andrew Carnegie (1835-1919) Made a fortune in the steel industry Vertically integrated the steel industry After selling the Carnegie Steel Company to J.P. Morgan he focused on philanthropy

Women and Children in the Work Force 1.9 million women working in 1870 became 5 million by 1900 1 of 5 children between 10 & 15 were working in 1900

John D. Rockefeller (1839-1937) Created the American petroleum industry with Standard Oil Company Vertically integrated the oil industry by creating a monopoly Philanthropist as well